Round Hill Music Royalty Fund makes first acquisition as it explores further fundraising

Round Hill Fund One

David Brenchley
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The acquisition includes the rights to a number of songs by the Backstreet Boys. Photo: Starbright31/Flickr CC BY-NC-ND 2.0
Image:

The acquisition includes the rights to a number of songs by the Backstreet Boys. Photo: Starbright31/Flickr CC BY-NC-ND 2.0

The Round Hill Music Royalty Fund (RHM) has made its first acquisition since flotation, buying the Round Hill Fund One for $281.9m meaning 86% of the capital it has raised has now been invested.

RHM said it had purchased the fund in full, excluding its shareholding in RH Carlin Holdings, a separate portfolio of musical copyrights that it expects to account for its second acquisition no later than 31 March 2021. The Round Hill Fund One includes copyrights of songs by artists such as The Beatles, tThe Backstreet Boys and Britney Spears, alongside theme tunes and songs from television shows such as Buffy The Vampire Slayer, Lost and Pokemon. Royalties to play bigger part in alternative asset space RHM said the fund, which is managed by Round Hill, was independently valued wit...

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